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Jan 25, 2013
01/13
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euro stoxx 50 also higher. the dow jones industrial average also continuing the positive trend. the euro-dollar also trending positive, trading for $1.3370. >> a lot of optimism, despite all the optimism that seems to be brewing in davos in switzerland. it is a different story in spain, though. things just keep getting worse. unemployment is at its highest level ever recorded. 26% of the work force were registered as out of work in the last quarter of 2012. that's nearly 6 million people. >> the eurozone [applause] fourth largest economy is stuck in recession. the conservative government has pushed ahead with a tough austerity program to lower the country's deficit. critics say those spending cuts are directly to blame for the rise in unemployment. but there's a bit of bright news in the eurozone -- portugal has made an early debut back on the financial market, successfully raising 2.5 billion euros in a debt auction this week. >> the government had to pay only 4.9% in interest, signaling investors are more confident about the country's finances. portugal was forced to accept an
euro stoxx 50 also higher. the dow jones industrial average also continuing the positive trend. the euro-dollar also trending positive, trading for $1.3370. >> a lot of optimism, despite all the optimism that seems to be brewing in davos in switzerland. it is a different story in spain, though. things just keep getting worse. unemployment is at its highest level ever recorded. 26% of the work force were registered as out of work in the last quarter of 2012. that's nearly 6 million people....
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Jan 25, 2013
01/13
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euro/dollar is about 1% higher on the back of that news. the ifo institute, current conditions, 108. headline index, 104.2 versus 103. ross, what do you make of it? >> well, you can see what's going on with the euro there, 134. let's get more from finland. good to see you, alex. thanks indeed for joining us. the defense here that we're no longer in crisis fighting mode, the question as we look at data in germany, the question is whether we've made a fundamental turn, a fundamental change and whether things are temporary. >> i certainly hope we've made a fundamental turn. if this crisis is 100 steps, i'd say we are about 60 steps down the road. now, really, we have the fundamental institutional things in place. so that has calmed down the markets. what we now need is political stability. i think the italian election is one thing and the second thing we need in europe more than anything else is -- >> yeah. we thought stabilizing the crisis in terms of the bond spreads playing out was hard. getting growth into europe looks to be an almost impo
euro/dollar is about 1% higher on the back of that news. the ifo institute, current conditions, 108. headline index, 104.2 versus 103. ross, what do you make of it? >> well, you can see what's going on with the euro there, 134. let's get more from finland. good to see you, alex. thanks indeed for joining us. the defense here that we're no longer in crisis fighting mode, the question as we look at data in germany, the question is whether we've made a fundamental turn, a fundamental change...
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Jan 25, 2013
01/13
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the euro hitting a 11-month high versus the dollar after the ecb said banks will pay back loans faster than expected. euro rising to $1.34 in intraday trading against the greenback. >>> new home sales as we mentioned before falling last month dropping to an annual rate of 3509,000. that is last month's drop did not derail the previous gains. housing sales posted the best year since 2009, jumping 20% from a year ago, sandy. >> we have our market panel. jeff saut, chief investment strategist at raymond james. david steinberg, dls capital managing partner. let's first start with mark. the take on the rally here. it is good news, bad news. this market seems to want to continue to plow higher. >> absolutely. we have some tax clarity. we have some debt ceiling clarity. you give the market clarity, and improving economic numbers and decent earnings season hard for us not to rally higher. you know, we're closing over 1500. we closed over 1500 under monday. i think that is really bullish for the next couple of weeks at least through friday's employment numbers. i want to point out something rea
the euro hitting a 11-month high versus the dollar after the ecb said banks will pay back loans faster than expected. euro rising to $1.34 in intraday trading against the greenback. >>> new home sales as we mentioned before falling last month dropping to an annual rate of 3509,000. that is last month's drop did not derail the previous gains. housing sales posted the best year since 2009, jumping 20% from a year ago, sandy. >> we have our market panel. jeff saut, chief investment...
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the euro zone's plight will be the subject to close proceedings in the plush surroundings of doubles it comes amid wide attention in europe as the u.k. prime minister tries to smooth ties with the e.u. partners after promising he'd lead britain hold a referendum on whether to leave beginning in ati's case it pilgrim reports. in davos switzerland those currency only agenda and most anticipated speech of the day they had to come from british prime minister david cameron of the he announced a referendum on membership of the e.u. and his desire to win a new settlement for your opening credits atlantic concessions from brussels as well but when he came face to face with the leaders interestingly if you think blacks track flight he was softer and his approach and he said he was no way turning his back on europe although he was trying to steer your ideas away from the topic because his speech was actually focused on tax transparency to cut down on the void and so that's what he wanted to talk about but the rest of the financial ministers here in davos they just wanted to talk about the refe
the euro zone's plight will be the subject to close proceedings in the plush surroundings of doubles it comes amid wide attention in europe as the u.k. prime minister tries to smooth ties with the e.u. partners after promising he'd lead britain hold a referendum on whether to leave beginning in ati's case it pilgrim reports. in davos switzerland those currency only agenda and most anticipated speech of the day they had to come from british prime minister david cameron of the he announced a...
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the euro zone's point will be the subject to close proceedings in the plush surroundings of davos it comes amid wide to turn around europe as the u.k. prime minister tries to smooth ties with his e.u. partners they've been angered by his promise to let britain hold a referendum on was a to leave the union and his case if it is following the world economic forum for us case here very nice to see you so what's giving the delegates a headache in davos on their last day. well aside from too much champagne i would suspect we've got president mario draghi he is going to be speaking today he would take to the stage and address the current issues in europe particularly to do with inside tonight growth this comes a day after prime minister david cameron from britain he was talking about how to deal with tax avoiders and also we had german chancellor angela merkel she was saying there can be no leeway and no let up in the spending cuts despite european union's warning that there is social unrest in the likes of greece and also her homeland as well germany where people to have been protesting a
the euro zone's point will be the subject to close proceedings in the plush surroundings of davos it comes amid wide to turn around europe as the u.k. prime minister tries to smooth ties with his e.u. partners they've been angered by his promise to let britain hold a referendum on was a to leave the union and his case if it is following the world economic forum for us case here very nice to see you so what's giving the delegates a headache in davos on their last day. well aside from too much...